GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (FRA:GI5) » Definitions » Tax Expense

Close The Loop (FRA:GI5) Tax Expense : €-0.1 Mil (TTM As of Dec. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Close The Loop Tax Expense?

Close The Loop's tax expense for the months ended in Dec. 2024 was €-0.7 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-0.1 Mil.


Close The Loop Tax Expense Historical Data

The historical data trend for Close The Loop's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Close The Loop Tax Expense Chart

Close The Loop Annual Data
Trend Jun22 Jun23 Jun24
Tax Expense
-1.08 1.64 1.81

Close The Loop Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Tax Expense Get a 7-Day Free Trial 1.02 0.65 1.22 0.59 -0.72

Close The Loop Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Close The Loop  (FRA:GI5) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Close The Loop Tax Expense Related Terms

Thank you for viewing the detailed overview of Close The Loop's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Close The Loop Business Description

Traded in Other Exchanges
Address
43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167
Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

Close The Loop Headlines

No Headlines